Stocks Recover Slightly Amid Trade Uncertainty

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as stocks recover slightly amid trade uncertainty. Stocks in heat map are based on the top 10 holdings of each sector ETF. Click on each picture to zoom in. Below is a summary of today’s action on Wall Street provided by CNBC:

U.S. equity futures opened lower Monday evening as traders weighed the details of an ongoing trade war between the United States and China. As of 6:10 p.m. ET Monday, Dow Jones Industrial Average futures were down 34 points. S&P 500 futures also pointed to a lower open, down 3 points while Nasdaq futures were down 10 points.

The S&P 500 (SPY) rose by +0.80% today. Sector advancers led decliners by 10 to 1 as shown below in the sector graph. Technology (XLK) led advancers higher with a +1.61% gain. Consumer discretionary (XLY), energy (XLE) and industrials (XLI) each had +1% gains. Communication services (XLC), consumer staples (XLP), financials (XLF), healthcare (XLV), materials (XLB) and real estate (XLRE) each had minor gains of less than 1%. Utilities (XLU) finished in the red by -0.67%.

The Dow Jones index jumped +207 points (+0.82%) to close at 25,532. The Nasdaq added +87 points (+1.14%) to settle at 7,734.

Stocks Recover Slightly Amid Trade Uncertainty

Stocks ended in positive territory as stocks rebounded from steep losses on Monday. When reading the above CNBC article, I came across the following quote regarding the current uncertainty Wall Street faces,“The reason we’re seeing this recovery is because fundamentals haven’t changed,” said Kevin Miller, CIO at E-Valuator Funds. He noted the U.S. economy remains strong. “That being said, we are going through something that we’ve never gone through before,” Miller said. “This China trade agreement issue is changing investing into something more like speculating because no one knows what direction this thing can go.”

Key Takeaways…

I took the following CNBC screenshots today regarding growth & tariffs, Dow components, Apple & tariffs and what’s the deal:

About the authorTim Link

My goal is to provide a blog that consolidates stock market information for the average investor from at least five credible sources including stock reviews, analysis, financial news and market trends by sector.